4221 W Spruce St APT 1311TampaFL33607
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 4221 W Spruce St APT 1311, Tampa, FL, 33607 in Tampa achieves 1.97, rent of $2,078/mo covers the $1,054/mo payment 1.5x over at $234,500. Rental yield 10.64%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $64,788 over five years, with $2,160/yr in principal reduction bringing total projected return to $90,552.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 3.0% |
| Monthly Cash Flow | $(19) | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,078 |
| Total Monthly Debt Service | $2,004 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
4 sqft lot
$N/A/sqft
$410 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33607, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,020 (100%) |
| Owner Occupied HU | 4,842 (34.5%) |
| Renter Occupied HU | 8,032 (57.3%) |
| Vacant Housing Units | 1,146 ( 8.2%) |
| Median Home Value | $410,455 |
| Average Home Value | $511,667 |
Housing Distribution
Address Breakdown
Residential
12,738
Single Family
6,946
Multi-Family
5,792
Businesses
2,172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2001
4 sqft lot
$N/A/sqft
$410 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33607, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,020 (100%) |
| Owner Occupied HU | 4,842 (34.5%) |
| Renter Occupied HU | 8,032 (57.3%) |
| Vacant Housing Units | 1,146 ( 8.2%) |
| Median Home Value | $410,455 |
| Average Home Value | $511,667 |
Housing Distribution
Address Breakdown
Residential
12,738
Single Family
6,946
Multi-Family
5,792
Businesses
2,172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices